Fox Corporation (FOXA) concluded trading on Wednesday at a closing price of $29.78, with 3.38 million shares of worth about $100.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.29% during that period and on March 13, 2024 the price saw a gain of about 1.09%. Currently the company’s common shares owned by public are about 262.90M shares, out of which, 237.38M shares are available for trading.
However, the stock later moved at a day high price of 29.97, or with a gain of 1.09%. Stock saw a price change of 4.79% in past 5 days and over the past one month there was a price change of -2.17%. Year-to-date (YTD), FOXA shares are showing a performance of 0.37% which decreased to -7.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.28 but also hit the highest price of $35.40 during that period. The average intraday trading volume for Fox Corporation shares is 3.57 million. The stock is currently trading 0.59% above its 20-day simple moving average (SMA20), while that difference is down -2.05% for SMA50 and it goes to -5.30% lower than SMA200.
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Fox Corporation (NASDAQ: FOXA) currently have 262.90M outstanding shares and institutions hold larger chunk of about 54.16% of that.
The stock has a current market capitalization of $14.14B and its 3Y-monthly beta is at 0.79. PE ratio of stock for trailing 12 months is 17.65, while it has posted earnings per share of $1.69 in the same period. Its PEG reads 22.06 and has Quick Ratio of 2.01 while making debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FOXA, volatility over the week remained 2.17% while standing at 2.14% over the month.
Analysts are in expectations that Fox Corporation (FOXA) stock would likely to be making an EPS of $0.99 in the current quarter, while forecast for next quarter EPS is $0.9 and it is $3.75 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.68 which is $2.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.94 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -8.23% while it is estimated to increase by 15.38% in next year. EPS is likely to grow at an annualized rate of 0.80% for next 5-years, compared to annual growth of -7.92% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on February 23, 2024 offering a Buy rating for the stock and assigned a target price range of between $34 and $35 to it. Stock get a Mkt perform rating from Bernstein on October 06, 2023.
